Series 63 practice questionmediumAdministrative Procedures — Judicial Review
A broker-dealer whose registration was revoked by the Administrator may seek judicial review by:
- AAppealing directly to the SEC
- BRequesting a new hearing before the Administrator
- CFiling an action in the appropriate state court✓ Correct answer
- DFiling a complaint with FINRA
Explanation
Why C — Filing an action in the appropriate state court
Under USA Section 411, any person aggrieved by a final order of the Administrator may obtain judicial review by filing an action in the appropriate state court. The court reviews whether the Administrator's order was lawful and supported by the evidence in the record.
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